roundball100

"Warren Buffett of Canada" ... not exactly following the same road map, but perhaps there are many paths to the same destination.

I would like to join the board of directors also for the burger paid subscription service, but do you have liability insurance for officers and directors? I am worried about potential food poisoning issues if the burgers are being delivered by surface transport.

High-tech would seem harder to "put into run-off" than other sectors - aside from the usual issue of high-tech being highly unpredictable (and often, winner takes all), it also requires continual re-investment, not in the capital-intensive form, but in the form of maintaining thought-leadership necessary to even sustain a position near the leading edge. This comment is independent of Yahoo or any other specific high-tech company.

It looks like the correct link is: http://brooklyninvestor.blogspot.ca/2012/05/

Yes, perhaps not so surprising that automated sharing of your personal thoughts with 700 of your closest friends doesn't replicate the connection of real life. Facebook seems to be doing a great job maximizing the number of people you share pictures and thoughts with, consuming as little of your time as possible - also with as little customization as possible for individual friends. Some people are more interested in sharing with a smaller number of people. However I have always found that it is hard to predict what the masses want, and a mistake often made is to believe that other people want the same thing that we do. I agree it's a great video and worth watching to see the ideas they are selling.

I guess the multiplication by 1500 gives 119,925. -pvo

Go Sens Go ...

Life is too short to spend the biggest chunk of your waking hours (= full-time job for most) doing something that drains you. Don't underestimate the value of a bird in the hand, but continue to look for more interesting alternatives. Loyalty is commendable, but in the end, if the people that you work with have your best interests at heart, they will congratulate you on deciding to move onto something that energizes you more. If they don't, you likely don't want to be working for them.

Google has never been a company that marched to the drumbeat of Wall Street (recall their IPO was not one that made Wall Street happy), and they don't seem to be too worried about not pleasing that crowd. I'm not sure that it's such a bad thing. I'd rather have founders with vision - and they do still seem to be making a lot of good calls - deciding they want to stick around longer (provided that vast majority of their net worth is still in the company, aligning their interests with shareholders), rather than having them lose control to others who may be more interested in maximizing short-term stock price, or dumping stock hand over fist as they rush to the exits. Be careful what you ask for.

It must be terrible to be faced with such choices so early in life. Usually fate is so cruel only much later in life. But more seriously: what would you study if you went back to school, where would you choose to go (why), and what would you hope to gain? These would seem to be important questions.

Ottawa, Ontario (Liberty - how near to Ottawa are you? I am in the city)

Jets? Canucks? It is the Senators that need support. Go SENS Go!

Apologies - already posted, please follow up on the thread: http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/wolfson-brothers-charged-by-sec-for-naked-short-sellings-scheme/msg67644/?topicseen#msg67644

Globe and Mail article: published Tuesday, Jan. 31, 2012 10:05PM EST "Brothers made millions from illegal trades of Fairfax, other firms: SEC" http://www.theglobeandmail.com/globe-investor/brothers-made-millions-from-illegal-trades-of-fairfax-other-firms-sec/article2322031/

Sanjeev, why not start extending some of these occasional lunches straight through to dinner? Best holiday wishes to all.

Isn't it fair to say that the US government has bailed them out by a whole lot more than that, at the expense of many others in the ecosystem, by things like QE1, QE2, operation twist, etc. keeping interest rates so dead-low?

Go Dog! Go! is for similar reasons on my list, and by chance was on my parents' list also quite a few years ago. I have learned much (though, unrelated to investing) by frequently re-reading The Cat in the Hat. OTOH I find there is too much repetition in Green Eggs and Ham - sadly, though, no worse than in Malcolm G's books.

If you do think things may implode (including banking stability), where exactly do you store your cash? Are you safer holding shares of a strong company with no debt?

Suppose it does all end badly, with default or financial implosion of some sort. Are you safer holding cash (where? aren't all the big global banks at risk again then - and we're back to worrying about even money market funds collapsing?), or holding stock in corporations with the deepest pockets and no debt and no financial exposure? When I think back to March 2009, I felt safer hold stock in solid companies than anything else. Am I crazy?

I agree (or rationalize, given my current holdings?) that FFH appears to be rock solid. And one of the nice things about this board is that few threads revolve around where each stock closed each day. But price is fundamental to discussion of value (the highest quality company is not a good investment at every price). I am interested in the opinions of others on whether the current price of FFH is high or low ... but mostly when accompanied by the reasoning. Long FFH.

"U.S. consumers face `serious' inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned on Wednesday". http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm (From March 30/2011. Apologies if this has already been posted.)

You could both be right, just working on different timeframes. Remember the context of his comments: he is looking at the very long-term, and you are no doubt looking somewhat nearer-term Myth.

Regarding 31 ounces of something related to coffee - the health effects depend a lot on many things not yet mentioned in the discussion on this board. (I'm glad those who post to this board about stocks are a lot more thorough in their discussion!) Espresso has less caffeine than drip. Sugar-coffee drinks, especially any involving syrup stuff from bottles, have mega-calories, black coffee not so much. Different people seem to have much different abilities to metabolize caffeine. But in any case, 31 ounces seems a bit much unless you bring 2 empty cups to split the cost with your commuting friends - surely this will start soon. That seems to be a business opportunity even Sanjeev has overlooked. And, I look forward to reading Good Calories, Bad Calories.

Bronco - let me know if you need someone to do an onsite visit re: Bank of Hawaii. I am not local, but willing to travel. :-)

From re-reading the 3Q2010 letter, from the take-aways I see two interesting points: 1. Favor U.S. quality companies (still cheap in an overpriced world) 2. Have some cash on hand, for opportunities that arise. What is the title of the "Excellent Article" (I assume it is something much more recent).